MONGOLIA-focused resources company, Tian Poh Resources Ltd has lodged a prospectus with the Australian Securities & Investment Commission (ASIC) for the initial public offering (IPO) of its shares, ahead of a planned listing on the Australian Securities Exchange (ASX). A successful IPO will enable the company to fast-track development of the Huabei Kuangye Coal Project in southern Mongolia.

ORIGO Partners has announced the results of a scoping study on the Mandal Moly molybdenum and tungsten project in northwest Mongolia which is wholly-owned by its portfolio company Moly World. The study has identified the potential for an initial small-scale open pit operation that could be brought into production for an investment of US$43.6 million, including working capital.

CONCENTRATE production for the second quarter at Turquoise Hill Resources' Oyu Tolgoi Copper-Gold Project (OT) returned to normal rates after recovering from thickener rake repairs. Copper concentrate increased from 1.029 million tonnes to 1.4 million tonnes and the average grade was 25.8% copper, up from 24.6%.

OYU Tolgoi recently signed a Power Sector Cooperation Agreement (PSCA) with the Government of Mongolia for investigation into establishment of a Tavan Tolgoi-based independent power producer, according to Turquoise Hill Resources. The agreement provides a pathway to strengthening the power supply network in Mongolia and providing the Oyu Tolgoi gold and copper mine with domestic power rather than power from China.

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The ASIA Miner is a bimonthly magazine published in English and Chinese by SEMCO Publishing, providing extensive coverage to the mining industry and is essential reading for those serious about doing mining business in the Asia Pacific region. The ASIA Miner team in Melbourne, Orange and Jakarta not only scour the region for news but are often contacted by companies seeking information about the region or seeking referrals to related companies.